Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| Part V: Statements Regarding Other IRS Filings and Tax Compliance | Line 2a PER IRC SECTION 3121, IF TWO OR MORE RELATED CORPORATIONS CONCURRENTLY EMPLOY THE SAME INDIVIDUAL AND COMPENSATE SUCH INDIVIDUAL THROUGH A COMMON PAYMASTER EACH CORPORATION SHALL BE CONSIDERED TO HAVE PAID AS REMUNERATION TO SUCH INDIVIDUAL ONLY THE AMOUNTS ACTUALLY DISBURSED. |
| Part VI: Governance, Management, and Disclosure | Section A, Line 6 Florida Press Association is a membership organization. The Board of Directors has the power to determine, in its discretion, whether an applicant meets the membership qualifications. |
| Part VI: Governance, Management, and Disclosure | Secion A, Line 7a and 7b At least one general membership meeting is held annually, the purpose of which is to elect officers and conduct such other business as may be necessary. |
| Part VI: Governance, Management, and Disclosure | Section A, Line 8a and 8b The finance and audit committee has authority to act on behalf of the governing body, and minutes were kept of their meetings. |
| Part VI: Governance, Management, and Disclosure | Section B, Line 11a and 11b The form 990 is reviewed by the organization's staff for accuracy. The form 990 is then distributed to the members of the Audit and Finance Committee for review and comment. The organizations resolves any issues with the independent accounting firm that prepares the forms. The organization reviews the form 990 before it is filed with the Internal Revenue Service. |
| Part VI: Governance, Management, and Disclosure | Setion B, Line 12c The process to enforce compliance with its conflict of interest is implemented at the director level via a signed annual disclosure and discussion at the board of directors meetings. At the employee level it is disclosed in the employee manual and each employee is required to sign that they have received, read and understand the manual. The employee manual is reviewed, and if needed, updated annually and all employees are required to attest that they have read, understand and comply with the company's policies including the conflict of interest policy. |
| Part VI: Governance, Management, and Disclosure | Section B, Line 15 The Florida Press Association President and CEO's compensation is reviewed by the Chairs of Florida Press Association and Florida Press Service. The process includes a formal review that is administered in person and a written copy is provided. Compensation for all other positions is reviewed and approved by supervisors and by the finance and audit committee. |
| Part VI: Governance, Management, and Disclosure | Section C, Line 19 The 990, governing documents and conflict of interest policy are available to the general public upon request. The bylaws are also available to the membership at the organization's web site, www.flpress.com. |
| Part XI: Reconcilation of Net Assets | Line 5 Loss From Subsidiary: $-72,108 Book to Tax Difference in cost allocation: $-127,966 |
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